Forex update – the USD rallies up against other currencies
Interestingly enough, these days the US good economic news tend to come all together, as did the bad news for several months in a row previously. First of all, the USD has gained a serious foothold against the troubled Euro, up to 0,67 of 1 euro. It has done so by steadily climbing in the last 5 days from 0,657, which is quite a performance for such a short period. Of course, this has led to huge gains (or losses) on the forex markets, but it also provided a short respiro to the troubled US economy who seemed to see no light at the tunnel end.Read More »Forex update – the USD rallies up against other currencies